Hong Kong & China Gas (OTCMKTS:HOKCY) Sets New 1-Year High – Should You Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $1.00 and last traded at $1.00, with a volume of 1043 shares. The stock had previously closed at $0.90.

Hong Kong & China Gas Stock Performance

The firm has a 50-day simple moving average of $0.86 and a 200 day simple moving average of $0.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.67 and a quick ratio of 0.61.

Hong Kong & China Gas Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 22nd. Investors of record on Wednesday, September 3rd were paid a $0.0123 dividend. This represents a dividend yield of 411.0%. The ex-dividend date was Tuesday, September 2nd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,441 shares of the company’s stock after acquiring an additional 27,860 shares during the quarter. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

About Hong Kong & China Gas

The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of smart energy, piped city-gas, upstream and midstream projects, water supply and wastewater treatment, urban waste resource utilization, and natural gas filling stations, as well as new energy exploration and utilization activities.